United PMR

United PMR Primary Refinery of Precious Metals and a Global Supplier for Jewelry Products.

Did you know? Test for silver using 18K acid! This little trick can save you time and money by being able to test for Si...
08/31/2026

Did you know? Test for silver using 18K acid! This little trick can save you time and money by being able to test for Silver easily!

DM us the word NEWSLETTER to join our monthly newsletter list where we always are giving tips & tricks month after month.

08/31/2026

End of week Precious Metals Overview – August 28, 2026

Comments by Fed Chair Kevin Warsh that higher interest rates may be needed to “stamp out” inflation put an end to the recent precious metal rally – at least for the moment. Gold settled at $4454.50, a decline of $147.75 for the week. Silver, which for a time seemed to be operating independently to gold prices, touched its week high of $71.14 on Friday in Asia before giving back all of its gains for the week, closing at $66.25, a loss of $2.61 by the close on Friday.

Warsh’s comment came at the annual Jackson Hole conference. He noted that although inflation data has cooled, such information “does not tell me that underlying trends have meaningfully improved”. Also, if inflation reduction does not occur soon, “we will have work to do”.

Precious metals took the news badly, falling from $4630.00 to a low of $4446.00 by Friday afternoon. The high was on Tuesday ($4696.50) and gold had held steady for most of the week.

For the record, the silver low was $66.14 on Friday after the run up to around $70.00/oz. for most of the week.

Equities were modestly higher, with the DJIA and NASDAQ gaining 0.53% and 0.85%, respectively. Oil prices fell by 3.69% on yet another round of optimism (let’s see about this) and the U.S. dollar gained 0.91% on the possibility of higher interest rates (see above).

Michael Mikolay
United Precious Metal Refining Inc.

08/23/2026

End of week Precious Metals Overview – August 21, 2026

The rally continued in metals, aided by a weaker U.S. dollar in what analysts deem the equivalent of quantitative easing (QE) in the treasury markets due to concerns about the national debt milestone ($40 trillion), and continued uncertainty in the Middle East. Gold closed at $4602.25. a dramatic rise of $226.75. Silver enjoyed similar returns, picking up $4.20 with its own settlement of $68.86.
The market reacted broadly to the U.S. Treasury announcement of a buyback of $4 billion dollars (previously $2 billion) of Treasury bonds. Lower interest rates are perceived as positive for precious metals (who earn no interest rate return). However, financial markets did not like the news either, as equites saw the news as adverse to the goals desired by the administration (Treasury yields actually rose in this short term).

“Store of value” gold has benefited from the perception of a future monetary crisis; actual or perceived. What remains to be seen in the follow-through – is this a speculative trap or a longer-term buying opportunity. We all wish we knew.

The highs for the week were on Friday, with gold rising to $4631.75 while silver peaked at $70.00. The lows in gold and silver were on Wednesday prior to the Treasury announcement; gold fell to $4235.00 and silver slipped to $$62.55.

Equities did not favor the announcements; the DJIA and NASDAQ declined by 0.85% and 2.05%, respectively. Oil prices climbed 5.15% on rhetoric and no inclination of any potential Middle East settlement – you pick. The U.S. dollar fell by 0.83% on the probability of declining yields due to the Treasury buyback program – which theoretically would add liquidity to the bond market – reminder - falling Treasury yields (↓interest rates) – a positive for non-interest earning precious metals.

Michael Mikolay
United Precious Metal Refining Inc.

08/19/2026

🔐 Protect Yourself from Cyber Fraud

At United PMR, protecting your business and your precious metals is important to us. Cybercriminals are becoming increasingly sophisticated, so please take a moment to verify payment instructions and communications before taking action.

A few important tips:

* ✅ **Verify the email address.** United PMR emails should come from an address ending in .com. Be cautious of addresses that look similar but contain extra letters, numbers, or different domains.
* ✅ **Never send funds to a new or changed bank account without verification.** If you receive an unexpected request to change payment instructions, contact your United PMR representative directly using a trusted phone number.
* 🚫 **United PMR does NOT accept Zelle or PayPal payments.** Never send funds through these services claiming to be for United PMR.
* ✅ **Be cautious with urgent requests.** Fraudsters often create a sense of urgency to prevent you from taking time to verify the request.
* ✅ **When in doubt, call us.** A quick phone call to your United PMR representative can help confirm whether a request is legitimate.

When it comes to cybersecurity, trust—but verify. A few extra seconds can help protect your business from costly fraud.

08/17/2026

Many of you probably have talked to her on the phone a time or two… but meet Lisa! Lisa is a long-time member of our sales team who always shows up with quality and care. 

Questions on metal or refining? Give our sales team a call! 

Pawn Shop, Gold Buying, Refining, Precious Metal Refining, Gold Buying Tips, Metal Market, Pawn Broker, Metal Management

08/17/2026

End of week Precious Metals Overview – August 14, 2026

Precious metals continued their upward movement as better than expected inflation data removed previously the possibility of any interest rate increases considered by the FOMC. Gold rose by $34.25 for the week, closing at $4375.50. Silver also joined in the rally, picking up $1.11 with a settlement of $64.56.

Given that the war picture is ongoing and oil prices remain volatile from day-to-day, economic data ruled the market this week. Ongoing news related fears of inflationary price increases due to tariffs and oil prices seem to be currently without merit. CPI on Wednesday indicated that inflation was tame, with prices increasing by 0.1% and Core PPI by 0.2%. On Thursday, PPI reported that inflation was flat (0.0% vs. 0.1%), and that year-over-year increases fell to 4.7% (vs. the expected 5.5%). This all but eliminates any possibility that the FOMC will raise interest rates at their next meeting in mid-September.

The metals rallied on the optimism, climbing to a high of $4449.50 on Thursday. Volatile silver moved much quicker than gold on Wednesday, peaking at $66.77. However, the bloom was off the rose by the end of the week; gold fell to its week’s low on Friday ($4311.00). Silver was able to maintain levels well above its Sunday/Monday low of $62.80.

Equities had a narrowly mixed week, with the DJIA shedding 0.56% while the NASDAQ gaining just 0.14%. Oil prices rose again, recovering 6.90% from last week’s selloff. This volatility will continue – prices will go lower; the timing is the unknown.

The U.S. dollar remained on the sidelines, gaining 0.10% for the week.

Michael Mikolay
United Precious Metal Refining Inc.

Meet the alloy our casters keep coming back for.Ultra Alloy 1 is a low zinc master alloy built for jewelers who care abo...
08/14/2026

Meet the alloy our casters keep coming back for.

Ultra Alloy 1 is a low zinc master alloy built for jewelers who care about color as much as performance. It pours a deep, rich reddish yellow that holds true from crucible to finished piece, with reduced porosity and enough fluidity to fill fine detail on stone in place work the first time.
Peak performance, peak color.

Catalog .

Comment PRODUCT and we will send you the link to the full catalog.

08/11/2026

As many of you probably know, in 2018 the FTC changed the ruling so anything as low as 1-Carat could be stamped GOLD! This has impacted our industry and it’s important that we stay on top of this while you are evaluating the product that is coming into your Pawn Shops!

Any questions on this? Shoot us a DM!

Pawn Shop, Gold Buying, Refining, Precious Metal Refining, Gold Buying Tips, Metal Market, Pawn Broker, Metal Management

08/10/2026

End of week Precious Metals Overview – August 7, 2026

Precious metals had a significant rally this week as government reports seemed to imply indications of a slowing economic picture. Investors took the data as cautious confirmation that the previously threatened interest rate increases by the Federal Reserve are far less likely to occur. Gold settled at $4341.25, a gain of $299.75. Silver rose by $6.02 with a close of $63.45.

Gold and silver rose sharply throughout the week, with gold reaching its highest level since June ($4371.50) and silver peaking at $65.15 on Friday.

The surge began on Wednesday following the ADP report that fewer jobs were being created as compared to analysts’ estimates (44K vs. cons. 75K). Following the actual release by the Bureau of Labor Statistics on Friday that the U.S. economy lost 23,000 jobs in July (cons.+83,000), the precious metals market surged again as the previous verbal proposal of an interest rate increase (the last FOMC vote was 9-3 (3 for an increase– see last week) quickly dissipated in the mind of investors.

For the record, lows for the week were on Sunday/Monday, when gold and silver traded down to $4019.00 and $58.10, respectively.

Equities had a banner week as the DJIA rose by 2.96% while the NASDAQ took the belief of higher interest rates off the table, picking up 5.19% by the Friday close.

Oil prices fell by 11.20% on optimism of a plan to truly reopen the Strait of Hormuz (I think i have heard this before), while the U.S. dollar fell by 0.38% on concerns about the U.S. economy’s strength and the diminished chance of any interest rate increase.

Michael Mikolay
United Precious Metal Refining Inc.

08/06/2026

Pawn Expo 2026 was a hit! 

Thanks to our friends at National Pawnbrokers Assoc. for hosting another great event. So fun to see some familiar faces and some new. 



Pawn Shop, Gold Buying, Refining, Precious Metal Refining, Gold Buying Tips, Metal Market, Pawn Broker, Metal Management

Address

2781 Town Line Road
Alden, NY
14004

Opening Hours

Monday 8:30am - 5pm
Tuesday 8:30am - 5pm
Wednesday 8:30am - 5pm
Thursday 8:30am - 5pm
Friday 8:30am - 5pm

Telephone

(716) 683-8334

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